Atomi Financial Group Inc. Takes $271,000 Position in Li Auto Inc. (NASDAQ:LI)

Atomi Financial Group Inc. purchased a new stake in Li Auto Inc. (NASDAQ:LI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,295 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors have also added to or reduced their stakes in the company. Aspex Management HK Ltd raised its position in shares of Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after acquiring an additional 3,778,463 shares during the last quarter. FMR LLC grew its holdings in shares of Li Auto by 422.4% in the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock valued at $109,074,000 after buying an additional 3,438,410 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Li Auto by 2,556.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after buying an additional 3,493,881 shares during the period. Ariose Capital Management Ltd acquired a new position in Li Auto in the 3rd quarter worth $18,099,000. Finally, Barclays PLC boosted its stake in Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company’s stock worth $15,442,000 after purchasing an additional 177,414 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Stock Performance

NASDAQ LI opened at $23.21 on Monday. The company’s 50 day moving average is $23.13 and its 200-day moving average is $22.71. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $46.44. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The firm has a market cap of $24.63 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LI shares. Macquarie restated a “neutral” rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Citigroup increased their price target on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Barclays increased their price target on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Li Auto has an average rating of “Hold” and a consensus price target of $33.94.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.